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Blue Origin technically started before SpaceX and has an increasing delta in accomplishments... They're easily a decade plus behind and SpaceX doesn't seem to be slowing down.

Bezos is smart and talented... but it's hard to overcome a lead like that.

And the US was behind Russia at the end of the last space race, as Americans had to take Russian rockets to even get to orbit

Bezos is a businessman, rockets require engineering.

Sure, he studied electrical engineering in the 80s, but I don't think that's going to help Blue Origin catch up with it's main competitor.

Bezos can hire engineers to work for him. Amazon requires lots of engineers and that works fine.

Bezos’s big contributions will be leadership, creating efficient processes, etc. He’s good at those things. You don’t need to be able to build the product to run a company.

Then why hasn't he done so earlier?

Because he was busy being CEO of Amazon, one of the largest and most successful companies in the world. Now he will spend most of his time on Blue Origin.